Texas Association Of Mutual Insurance Companies
- Assets
- $158.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Yoakum, TX
- Founding
- 06/1940
- Data as of
- 08/2022
- EIN
- 74-0937685
Organization Overview
Texas Association Of Mutual Insurance Companies is located in Yoakum, TX. The organization was established in 1940. According to its NTEE Classification (Y23) the organization is classified as: Mutual Insurance Companies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Association Of Mutual Insurance Companies is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 08/2022, Texas Association Of Mutual Insurance Companies generated $96.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $79.2k during the year ending 08/2022. While expenses have increased by 0.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE TEXAS ASSOCIATION OF MUTUAL INSURANCE COMPANIES IS AN INSURANCE TRADE ORGANIZATION COMPRISED OF FARM MUTUAL INSURANCE COMPANIES WHICH PROVIDES PROPERTY AND CASUALTY INSURANCE COVERAGES FOR THE PEOPLE OF TEXAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wiley Shockley President - Elect | 4 | $0 | |
Blake Lovelace President | 4 | $0 | |
Mark Boeker Director | 1 | $0 | |
Timothy Mccoy Secretary/treasurer | 4 | $0 | |
Julius Dubcak Director | 1 | $0 | |
Matt Sodolak Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $67,710 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $28,894 |
| Total Revenue | $96,604 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $45,056 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $34,147 |
| Total expenses | $79,203 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $158,107 |
| Other assets | $0 |
| Total assets | $158,107 |
| Total liabilities | $0 |
| Net assets or fund balances | $158,107 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
1803 Electric Cooperative Inc Baton Rouge, LA | $104,233 | $750,000 |
Third Coast Reinsurance Llc Covington, LA | $2,634,917 | $374,183 |
Farmers Mutual Insurance Association Of Erath County Texas Morgan Mill, TX | $1,038,191 | $513,498 |
Mrt Welfare Benefit Trust Houston, TX | $7,946,011 | $291,067 |
Lawyers Premium Ins Tr Houston, TX | $371,850 | $0 |
Mesjja Reinsurance Co Ltd Irving, TX | $1,130,600 | $245,525 |
Texas Association Of Mutual Insurance Companies Yoakum, TX | $158,107 | $0 |
Pitcairn Water Supply Inc Tomball, TX | $139,458 | $0 |
Bgd Product Co Ltd Irving, TX | $337,761 | $31,944 |
Homesecure Warrenty Plan Llc Richmond, TX | $255,000 | $0 |
New Deal Reinsurance Company Ltd El Paso, TX | $2,158,071 | $0 |